|
City of South Bend, Indiana
<br />Major Moves Fund 412 Interfund Loan to NE Residential TIF Fund 436
<br />Triangle Development
<br />Interfund Loan Amortization Schedule
<br />March 14, 2011
<br />iriginal Principal - $1,513,920 (costs paid by Major Moves Fund) Revised
<br />ayments - Semi - annual, beginning August 15, 2014 through February 15, 2029.
<br />Thirty (30) payments. Interest rate - 2 %.
<br />E Residental TIF Expenditures - #436 - 1050. 460 -38 -01 (Principal), #436-1050-460-38-02 (Interest)
<br />lajor Moves Revenue - #412- 0000 - 399 -02 -06 (Principal), #412- 0000 - 399 -02 -07 (Interest)
<br />ayment- $60,371.00
<br />2%
<br />Beginning 2% Unpaid Ending
<br />Payment Payment Principal Total Interest Principal Capitalized Principal
<br />Number Date Balance Paid Paid Paid Interest Balance
<br />Total 1,811,147.32 253,097.32 1,558,050.00 44,130.00
<br />2128/2013
<br />1,513,920.00
<br />0.00
<br />0.00
<br />0.00
<br />44,130.00
<br />1,558,050.00
<br />1
<br />8/15/2014
<br />1,558,050.00
<br />60,371.00
<br />15,580.50
<br />44,790.50
<br />0.00
<br />1,513,259.50
<br />2
<br />2/15/2015
<br />1,513,259.50
<br />60,371.00
<br />15,132.60
<br />45,238.41
<br />0.00
<br />1,468,021.10
<br />3
<br />8/15/2015
<br />1,468,021.10
<br />60,371.00
<br />14,680.21
<br />45,690.79
<br />0.00
<br />1,422,330.31
<br />4
<br />2/1512016
<br />1,422,330.31
<br />60,371.00
<br />14,223.30
<br />46,147.70
<br />0.00
<br />1,376,182.61
<br />5
<br />8/15/2016
<br />1,376,182.61
<br />60,371.00
<br />13,761.83
<br />46,609.17
<br />0.00
<br />1,329,573.44
<br />6
<br />2/15/2017
<br />1,329,573.44
<br />60,371.00
<br />13,295.73
<br />47,075.27
<br />0.00
<br />1,282,498.17
<br />7
<br />8/15/2017
<br />1,282,498.17
<br />60,371.00
<br />12,824.98
<br />47,546.02
<br />0.00
<br />1,234,952.15
<br />8
<br />2/15/2018
<br />1,234,952.15
<br />60,371.00
<br />12,349.52
<br />48,021.48
<br />0.00
<br />1,186,930.67
<br />9
<br />8/15/2018
<br />1,186,930.67
<br />60,371.00
<br />11,869.31
<br />48,501.69
<br />0.00
<br />1,138,428.98
<br />10
<br />2/15/2019
<br />1,138,428.98
<br />60,371.00
<br />11,384.29
<br />48,986.71
<br />0.00
<br />1,089,442.27
<br />11
<br />8/15/2019
<br />1,089,442.27
<br />60,371.00
<br />10,894.42
<br />49,476.58
<br />0.00
<br />1,039,965.69
<br />12
<br />2/15/2020
<br />1,039,965.69
<br />60,371.00
<br />10,399.66
<br />49,971.34
<br />0.00
<br />989,994.35
<br />13
<br />8/15/2020
<br />989,994.35
<br />60,371.00
<br />9,899.94
<br />50,471.06
<br />0.00
<br />939,523.29
<br />14
<br />2/15/2021
<br />939,523.29
<br />60,371.00
<br />9,395.23
<br />50,975.77
<br />0.00
<br />888,547.53
<br />15
<br />8/15/2021
<br />888,547.53
<br />60,371.00
<br />8,885.48
<br />51,485.52
<br />0.00
<br />837,062.00
<br />16
<br />2115/2022
<br />837,062.00
<br />60,371.00
<br />8,370.62
<br />52,000.38
<br />0.00
<br />785,061.62
<br />17
<br />8/15/2022
<br />785,061.62
<br />60,371.00
<br />7,850.62
<br />52,520.38
<br />0.00
<br />732,541.24
<br />18
<br />2/15/2023
<br />732,541.24
<br />60,371.00
<br />7,325.41
<br />53,045.59
<br />0.00
<br />679,495.65
<br />19
<br />8/15/2023
<br />679,495.65
<br />60,371.00
<br />6,794.96
<br />53,576.04
<br />0.00
<br />625,919.61
<br />20
<br />2/15/2024
<br />625,919.61
<br />60,371.00
<br />6,259.20
<br />54,111.80
<br />0.00
<br />571,807.80
<br />21
<br />8/15/2024
<br />571,807.80
<br />60,371.00
<br />5,718.08
<br />54,652.92
<br />0.00
<br />517,154.88
<br />22
<br />2/15/2025
<br />517,154.88
<br />60,371.00
<br />5,171.55
<br />55,199.45
<br />0.00
<br />461,955.43
<br />23
<br />8115/2025
<br />461,955.43
<br />60,371.00
<br />4,619.55
<br />55,751.45
<br />0.00
<br />406,203.98
<br />24
<br />2/15/2026
<br />406,203.98
<br />60,371.00
<br />4,062.04
<br />56,308.96
<br />0.00
<br />349,895.02
<br />25
<br />8/1512026
<br />349,895.02
<br />60,371.00
<br />3,498.95
<br />56,872.05
<br />0.00
<br />293,022.97
<br />26
<br />2115/2027
<br />293,022.97
<br />60,371.00
<br />2,930.23
<br />57,440.77
<br />0.00
<br />235,582.20
<br />27
<br />8/15/2027
<br />235,582.20
<br />60,371.00
<br />2,355.82
<br />58,015.18
<br />0.00
<br />177,567.02
<br />28
<br />2/15/2028
<br />177,567.02
<br />60,371.00
<br />1,775.67
<br />58,595.33
<br />0.00
<br />118,971.69
<br />29
<br />8115/2028
<br />118,971.69
<br />60,371.00
<br />1,189.72
<br />59,181.28
<br />0.00
<br />59,790.41
<br />30
<br />2/15/2029
<br />59,790.41
<br />60,388.32
<br />597.90
<br />59,790.42
<br />0.00
<br />(0.00)
<br />Total 1,811,147.32 253,097.32 1,558,050.00 44,130.00
<br />
|